The accumulated production under the sharing regime exceeds milestone of 500 million oil barrels. Production began in 2017 at the formerly called Mero Development Area. Today, seven contracts are in operation, with 13 FPSOs (drill ships) reaching a total of 518 million barrels produced until July.  The Búzios, Mero and Sépia fields are the main producers in this regime. Over the past six years, the accumulated production of natural gas for commercial use also increased and amounted to 1.44 billion m³.

The accumulated installments entitled to the Brazilian government in these contracts reached, in the same period, 30 million oil barrels and 167.20 million m³ of natural gas with commercial use. The Brazilian Government’s production takes into account the percentage of surplus oil in each field and the volume of recovered costs in each project. For this reason, the main contributions came from the Mero, Sapinhoá and Búzios fields. As for the Government’s natural gas, most of the production comes from the Sapinhoá Field.

Data are from the Monthly Bulletin of Production Sharing Contracts, published this Friday (September 15) by contract manager Pré-Sal Petróleo (PPSA).

July Production 

Average daily contract production keeps rising. It reached a new high in July, at 899,000 barrels of oil per day (bpd), with emphasis on production in Búzios (474,000 bpd) and Mero (217,000 bpd). Out of this total, 43.56 thousand bpd were legally entitled to the Brazilian Government.

The average daily production of natural gas available for export was 3 million m³/day, an 11% increase compared to the previous period. The average of the Government’s total available natural gas surplus was 46,000 m³/day, with Búzios accounting for the most part (40,000 m³/day).

Access the Monthly Bulletin of Production Sharing Contracts: https://www.presalpetroleo.gov.br/wp-content/uploads/2023/09/Boletim_mensal-JUL2023-v2.pdf